Leading stock exchange BSE today asked brokers to submit risk-based supervision (RBS) data for the past fiscal 2016-17 by tomorrow.
Brokers who fail to make timely submission of RBS data will be slapped monetary penalty starting from Rs 10,000. Besides, prolonged non-compliance would result in disablement of trading terminals, BSE said in a circular.
"Trading members are requested to take note that the RBS data for the year ended March 2017 is required to be submitted by May 31, 2017," it said.
The submission is to be made only electronically through BEFS (BSE Electronic Filing System).
Trading members have been submitting risk-based supervision data since 2013-14. However, there have been instances of delayed or non-submission of data.
Accordingly, the exchanges in consultation with markets regulator Sebi formulated the timetable for submission of RBS data and also the penalty provisions for delayed or non- submission of such provision.